Ubhar Capital issues Q3 2023 profit forecasts

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Ubhar Capital issued Q3 2023 earnings forecasts for a number of Saudi banks and companies under coverage.

 

Saudi Basic Industries Corp. (SABIC) is expected to record a profit drop of 39% year-on-year (YoY) to SAR 1.12 billion. Al Rajhi Bank’s third-quarter earnings are projected to decline 8% YoY to SAR 4 billion.

 

The following are the brokerage’s Q3 2023 earnings forecasts:

 

Q3 2023 Earnings Forecasts for Companies, Banks (SAR mln)

Company

Q3 2023 estimates

YoY

Banks

SNB

4582.0

(1%)

Al Rajhi Bank

3995.0

(8%)

SAB

1576.0

+13%

Materials

SABIC

1117.0

(39%)

Sipchem

344.9

(55%)

Tasnee

44.5

+160%

Advanced

94.9

+252%

Yansab

(17.0)

--

SIIG

130.0

+137%

Maaden

711.3

(66%)

SABIC Agri-Nutrients

974.0

(58%)

Cement

Yamama Cement

89.8

(11%)

Saudi Cement

88.9

+10%

City Cement

32.8

+30%

Qassim Cement

47.9

+105%

Telecommunications

stc

3582.3

+1%

Mobily

509.0

+36%

Insurance

Bupa Arabia

400.9

+25%

Tawuniya

268.6

+132%

Healthcare

Sulaiman Al Habib

480.5

+14%

Mouwasat

144.4

+18%

Dallah Healthcare

57.6

+31%

Al Hammadi

58.1

+2%

IT

solutions

330.7

+10%

MIS

36.2

+44%

Food Retailing

Jarir

286.4

+5%

SADAFCO*

120.3

+41%

BinDawood Holding

39.0

--

Al Othaim

35.3

(95%)

Cenomi Centres

255.1

+4%

Leejam

66.9

(2%)

Other Sectors

Ataa Educational*

21.1

--

*Different fiscal year

 

Ubhar Capital - Banks and Saudi Companies 08/10/2023

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Quotes

STC
40.25
0.15 0.37%
ETIHAD ETISALAT
52.00
(0.30) (0.57%)
TAWUNIYA
141.00
(0.80) (0.56%)
ALRAJHI
90.30
0.40 0.44%
SAB
32.20
0.30 0.94%
QACCO
53.10
(0.10) (0.19%)
SAUDI CEMENT
42.40
0.10 0.24%
YC
33.15
(0.85) (2.50%)
TASNEE
10.18
0.02 0.20%
SABIC
66.70
0.20 0.30%
SADAFCO
331.20
(4.40) (1.31%)
SABIC AGRI-NUTRIENTS
111.40
3.20 2.96%
SIIG
16.98
0.12 0.71%
YANSAB
36.95
(0.35) (0.94%)
JARIR
12.68
0.02 0.16%
SIPCHEM
24.02
(0.10) (0.41%)
MAADEN
49.10
(0.65) (1.31%)
BUPA ARABIA
202.00
(0.80) (0.39%)
A.OTHAIM MARKET
10.78
(0.06) (0.55%)
ADVANCED
32.15
(0.05) (0.16%)
CITY CEMENT
18.40
(0.06) (0.33%)
DALLAH HEALTH
151.60
(0.80) (0.52%)
MOUWASAT
84.30
(3.30) (3.77%)
SOLUTIONS
274.60
(1.00) (0.36%)
SNB
32.75
(0.25) (0.76%)
ALHAMMADI
38.40
(0.60) (1.54%)
SULAIMAN ALHABIB
286.60
(12.00) (4.02%)
Leejam Sports
188.00
1.80 0.97%
CENOMI CENTERS
21.46
(0.16) (0.74%)
ATAA
70.20
(1.50) (2.09%)
BINDAWOOD
6.57
(0.01) (0.15%)
MIS
161.20
(1.40) (0.86%)


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